Brand Engagement Network Inc. (NASDAQ:BNAI) filed its quarterly report with the SEC.
The AI provider generated approximately $4.47 million from warrant exercises and completed a $1.518 million private placement with Ben Capital Fund I, LLC, totaling $7.1 million.
Total liabilities were reduced by $2.8 million versus the prior year. Cash increased to $1.8 million from $172,124.
Shares delivered an 863% return year-to-date and 660% over the past year.
The company entered a $2.05 million licensing partnership with Valio Technologies for Africa deployments.
AI Concierge went live at Seven Visions Resort.
U.S. Patent No. 12,581,163 was received.
An agreement to acquire Cataneo GmbH for $19.5 million was announced.
Jon Leibowitz was appointed Chairman.
